Quick Overview

• China's gross domestic product (GDP) is expected to expand more than 9 percent in 2010, Yi Gang, head of the State Administration of Foreign Exchange (SAFE), said Friday.

• Chinas purchasing managers’ index fell to 51.2 from 52.1 in June

• The Canadian Wheat Board expects this year's crop to fall 17% YoY
• The wheat harvest in western Canada was pegged at 18.45m tonnes, a reduction of 450,000 tonnes on its estimate last month.
• Durum, the type of wheat used in pasta, production estimate was cut by 300,000 tonnes to 2.9m tonnes -- half last year's production.
• Barley harvest was cut by 100,000 tonnes to 7.5m tonnes.

• A survey shows that global chief executives have ranked the increasing complexity of the global economy as the top challenge facing businesses this decade.

• While the Unites States is only in fourth place as a solar energy market, behind Germany, Italy and Japan, its solar energy technology is farther advanced than any other country in the world, Rhone Resch, president and CEO of the U.S. Solar Energy Industries Association, said.

• German grain production will fall as much as 11% to 44 million metric tons from last year, Alfred C. Toepfer International GmbH said.

• (Arlan Suderman) FSU drought persists, cncrns expand to corn.